V3MA.DE vs. EUNZ.DE
V3MA.DE (Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating) and EUNZ.DE (iShares Edge MSCI EM Minimum Volatility UCITS ETF) are both Emerging Markets Equities funds - V3MA.DE tracks the FTSE Emerging All Cap Choice while EUNZ.DE tracks the MSCI Emerging Markets Minimum Volatility. Both are passively managed. Over the past year, V3MA.DE returned 31.20% vs 22.59% for EUNZ.DE. A 0.80 correlation means they provide meaningful diversification when combined. V3MA.DE charges 0.24%/yr vs 0.40%/yr for EUNZ.DE.
Performance
V3MA.DE vs. EUNZ.DE - Performance Comparison
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Returns By Period
In the year-to-date period, V3MA.DE achieves a 16.20% return, which is significantly lower than EUNZ.DE's 18.69% return.
V3MA.DE
- 1D
- -0.58%
- 1M
- 3.08%
- YTD
- 16.20%
- 6M
- 17.26%
- 1Y
- 31.20%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
EUNZ.DE
- 1D
- -1.19%
- 1M
- 5.16%
- YTD
- 18.69%
- 6M
- 18.37%
- 1Y
- 22.59%
- 3Y*
- 11.07%
- 5Y*
- 6.48%
- 10Y*
- 6.20%
V3MA.DE vs. EUNZ.DE - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
V3MA.DE Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating | 16.20% | 10.67% | 1.36% |
EUNZ.DE iShares Edge MSCI EM Minimum Volatility UCITS ETF | 18.69% | -0.15% | 2.12% |
Correlation
The correlation between V3MA.DE and EUNZ.DE is 0.84, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.84 |
Correlation (All Time) Calculated using the full available price history since Nov 4, 2024 | 0.80 |
The correlation between V3MA.DE and EUNZ.DE has been stable across timeframes, ranging from 0.80 to 0.84 - a consistent structural relationship.
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Return for Risk
V3MA.DE vs. EUNZ.DE — Risk / Return Rank
V3MA.DE
EUNZ.DE
V3MA.DE vs. EUNZ.DE - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating (V3MA.DE) and iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.DE). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
| V3MA.DE | EUNZ.DE | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.19 | ||
| Sortino ratioReturn per unit of downside risk | +0.21 | ||
| Omega ratioGain probability vs. loss probability | 1.37 | 1.35 | +0.02 |
| Calmar ratioReturn relative to maximum drawdown | 3.45 | 3.00 | +0.45 |
| Martin ratioReturn relative to average drawdown | 11.63 | 10.57 | +1.06 |
Data is calculated on a 1-year rolling basis and updated daily. The trend shows the change in the indicator over the past month. | |||
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Sharpe Ratios by Period
| V3MA.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | 2.04 | 1.85 | +0.19 |
Sharpe Ratio (5Y)Calculated over the trailing 5-year period | — | 0.56 | — |
Sharpe Ratio (10Y)Calculated over the trailing 10-year period | — | 0.46 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 1.12 | 0.35 | +0.77 |
Drawdowns
V3MA.DE vs. EUNZ.DE - Drawdown Comparison
The maximum V3MA.DE drawdown since its inception was -19.79%, smaller than the maximum EUNZ.DE drawdown of -30.47%. Use the drawdown chart below to compare losses from any high point for V3MA.DE and EUNZ.DE.
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Drawdown Indicators
| V3MA.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.79% | -30.47% | +10.68% |
Max Drawdown (1Y)Largest decline over 1 year | -9.00% | -7.50% | -1.50% |
Max Drawdown (3Y)Largest decline over 3 years | — | -14.00% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -14.00% | — |
Max Drawdown (10Y)Largest decline over 10 years | — | -26.15% | — |
Current DrawdownCurrent decline from peak | -1.50% | -1.96% | +0.46% |
Average DrawdownAverage peak-to-trough decline | -3.29% | -7.62% | +4.33% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.68% | 2.13% | +0.55% |
Volatility
V3MA.DE vs. EUNZ.DE - Volatility Comparison
Vanguard ESG Emerging Markets All Cap UCITS ETF (USD) Accumulating (V3MA.DE) has a higher volatility of 5.43% compared to iShares Edge MSCI EM Minimum Volatility UCITS ETF (EUNZ.DE) at 4.75%. This indicates that V3MA.DE's price experiences larger fluctuations and is considered to be riskier than EUNZ.DE based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| V3MA.DE | EUNZ.DE | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 5.43% | 4.75% | +0.68% |
Volatility (6M)Calculated over the trailing 6-month period | 12.23% | 10.35% | +1.88% |
Volatility (1Y)Calculated over the trailing 1-year period | 15.26% | 12.18% | +3.08% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 16.83% | 11.41% | +5.42% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 16.83% | 13.32% | +3.51% |
V3MA.DE vs. EUNZ.DE - Expense Ratio Comparison
V3MA.DE has a 0.24% expense ratio, which is lower than EUNZ.DE's 0.40% expense ratio.
Dividends
V3MA.DE vs. EUNZ.DE - Dividend Comparison
Neither V3MA.DE nor EUNZ.DE has paid dividends to shareholders.
Frequently Asked Questions
V3MA.DE and EUNZ.DE have a correlation of 0.84, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, V3MA.DE is cheaper at 0.24% per year. The better choice depends on whether you care most about return, fees, risk, or income.
V3MA.DE is cheaper with a 0.24% expense ratio, compared with 0.40% for EUNZ.DE.
V3MA.DE tracks FTSE Emerging All Cap Choice, while EUNZ.DE tracks MSCI Emerging Markets Minimum Volatility. They also come from different issuers: Vanguard and iShares. Their fees differ too: 0.24% for V3MA.DE and 0.40% for EUNZ.DE.
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